D and K Auto - Payment Due But Not Accepted

POPLAR BLUFF, MISSOURI -- Was purchasing a 2000 GMC Yukon for 7000. By the all paper work was done total was 7999. Began purchase 5/11. I got behind on payments but was still paying. Truck was repo but I could still finish pay for it. Went to pay 400 but he didnt accept monies says I have 10 days to pay remaining balance or he will file repo papers. Thought that was done before he came and picked up truck. Then he went on to talk about what I can do as far as purchasing truck after papers are filed. Don't get it. Since he took the truck I lost my job, used truck for work. Am disabled but am able to work part time as homemaker. Transportation is a must. Has since gotten another job and it pays well. Am wanting to finish what I started, got behind during winter due to high heating cost. My church is offering to help but must wait til mid June. I now have 500 I want to pay towards truck. Most people it would take them 2, 3, 4 years to pay I was doing it in 12 months. Was attempting to make payment before that but the brakes cost 246, needed them carry kids in truck and its used for work, how can I make balance less if money isn't accepted. Only owe 500. Definitely wouldn't be fair for the next man to pay 4 or 5000 for something I owe 1500. Really 500.Just one more chance to prove myself. I am newly widowed with three children. I owe the funeral parlor. None in my husbands family is helping to finish paying for the funeral cost. I just want to finish truck payment so I can concentrate on doing things for the kids. We need that truck.

I am not certain about your state but most states when a car is repo'ed you have 10 days to pay the balance. Unfortunately there are many car lots who love to repo cars when they are worth much more than what is owed on them. It is the basis of their business. Do whatever you can to pay what is owed on it before the 10 days have passed. Good luck. Also expect them to put a huge fee for the cost of the repo onto your bill.

Posted by leet60 on 2012-06-06:

Although the OP did not specify, this sounds a lot like a buy here pay here car dealer. In many instances these dealers will take possession of the property based on the contract. They would often prefer to do so, and then collect a large down payment from the next buyer and start the process again. In most cases the down payment is the majority of the money the dealer has invested in the vehicle, so they profit no matter what happens.